Sunstone Hotel Investors (SHO) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sunstone Hotel Investors in the last twelve months. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SHO shares.
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6 Wall Street research analysts have issued 12 month price targets for Sunstone Hotel Investors' shares. Their SHO share price targets range from $9.00 to $13.00. On average, they predict the company's share price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 2.1%.
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Sunstone Hotel Investors' stock was trading at $10.73 at the beginning of the year. Since then, SHO stock has decreased by 4.8% and is now trading at $10.21.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
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Sunstone Hotel Investors will be holding an earnings conference call on Monday, May 6th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Sunstone Hotel Investors, Inc. (NYSE:SHO) released its quarterly earnings data on Friday, February, 23rd. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.44. The real estate investment trust had revenue of $219.20 million for the quarter, compared to analysts' expectations of $192.56 million. Sunstone Hotel Investors had a trailing twelve-month return on equity of 11.32% and a net margin of 20.95%. Sunstone Hotel Investors's revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS.

Sunstone Hotel Investors declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Thursday, March 28th will be given a dividend of $0.07 per share on Monday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for SHO.

Sunstone Hotel Investors (NYSE:SHO) pays an annual dividend of $0.26 per share and currently has a dividend yield of 2.58%. The dividend payout ratio is 27.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHO will have a dividend payout ratio of 27.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHO.

ETFs with the largest weight of Sunstone Hotel Investors (NYSE:SHO) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), Kelly Hotel & Lodging Sector ETF (HOTL), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Financials ETF (PSCF), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Intelligent Real Estate ETF (PRVT) and SPDR S&P 600 Small Cap ETF (SLY).

Sunstone Hotel Investors issued an update on its FY24 earnings guidance on Friday, February, 23rd. The company provided earnings per share (EPS) guidance of $0.78-0.90 for the period, compared to the consensus earnings per share estimate of $0.84.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunstone Hotel Investors investors own include Annaly Capital Management (NLY), New Residential Investment (NRZ), NGL Energy Partners (NGL), Chimera Investment (CIM), Orchid Island Capital (ORC), Chesapeake Energy (CHKAQ), Enterprise Products Partners (EPD), iQIYI (IQ), TherapeuticsMD (TXMD) and AGNC Investment (AGNC).

Sunstone Hotel Investors' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.16%), State of Alaska Department of Revenue (0.11%), Vert Asset Management LLC (0.04%), Los Angeles Capital Management LLC (0.03%) and Diversified Trust Co (0.02%). Insiders that own company stock include David M Klein, Douglas M Pasquale, Keith Yandell and Robert C Springer.
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Shares of SHO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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